A NEW fund launched just four months ago has raced to a special monetary milestone - £75 million of investment.

Mattioli Woods, which has offices in Newmarket, has seen huge demand for its structured products fund which, on average, has been attracting more than £4.5 million a week.

The company says its unique venture will deliver substantial cost-savings and better returns for clients. It was created in association with Commerzbank AG, a leading commercial bank with branches and offices in more than 50 countries.

The landmark £75 million investment figure was revealed today by Mark Fuller, Mattioli Woods’ head of structured products.

He said: “To raise such a sum in just four months demonstrates that our clients have understood - and are keen to invest in - this unique fund.

“The £75 million has surpassed my expectations and we have built a well-diversified portfolio of structured products within the fund”.

It builds on the company’s long-standing track record of managing more than £100 million in structured investments, which have provided average returns of more than six per cent per annum.

Mr Fuller said: “The fund sits as a constituent part of my own family’s investment planning”.

What are structured products?

Structured products are generally a type of fixed-term investment where the amount you earn depends on the performance of a specific market (such as the S & P 500 index) or specific assets (such as shares in individual companies).

They offer the potential to earn attractive and clearly defined returns.

They are bespoke investment vehicles, either tailored to meet the aims of an individual or intended for a general retail offering, but with a risk/reward profile designed to achieve a set of specific objectives.

Typically, these objectives will combine an element of capital protection with a degree of participation in the return from an underlying asset.

As with investments in general, past performance is not an indication of future returns. Investments can go down as well as up and you may not get back the original amount invested.